2022 MDL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MDL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MDL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 23.4268. Conversely, the yearly low was recorded on July 15, dropping to 21.4936.
This high-to-low spread represents a total annual volatility of 1.9333 NGN. From a start-to-finish perspective, comparing the January average rate of 23.0899 to the December average rate of 23.0471, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 23.4268 was down 1.85% compared to the 2021 peak of 23.8696, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MDL to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.5537, compared to 22.3761 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1776 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 0.8402 NGN (High: 22.5728 / Low: 21.7326). On the other end, November was the most stable month, with a tight range of 0.3837 NGN (High: 23.1290 / Low: 22.7453).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.5874 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2022: 23.2550) against the same month in 2021 (average: 22.3915), the exchange rate shifted by +0.8635 (+3.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.3026 | 22.8744 | 23.0899 |
| February | 23.4268 | 22.8521 | 23.2550 |
| March | 23.0503 | 22.5385 | 22.6743 |
| April | 22.7522 | 22.3610 | 22.5644 |
| May | 22.5277 | 21.7284 | 21.9771 |
| June | 21.9740 | 21.5630 | 21.7617 |
| July | 22.0599 | 21.4936 | 21.7620 |
| August | 22.1282 | 21.5102 | 21.8588 |
| September | 22.5728 | 21.7326 | 22.1099 |
| October | 22.8543 | 22.2000 | 22.4973 |
| November | 23.1290 | 22.7453 | 22.9813 |
| December | 23.4210 | 22.6449 | 23.0471 |